Category Archives: Real Estate Trends

Where Homes Are Selling the Fastest

According to Realtor.com data, the average number of days homes are spending on the market has dropped by nearly 10%  nationwide in the last year.  The average U.S. home now spends 84 days on the market.

But in some housing markets, homes are selling even faster, spending an average of 45 days or less on the market before they sell. What’s more, many of these housing markets are having not only some of the speediest home sales but also some of the largest increases in median home prices compared to a year ago. read more

California Fast Facts May 2012

California Median Home Price: $312,110

California highest median home price by region/county: Marin, $791,670

California lowest median home price by region/county: Merced, $119,410

California Pending Home Sales Index: 128.8, unchanged from April. 
 
California Traditional Housing Affordability Index: First quarter 2012: 56 percent read more

Foreclosure Activity Declines Hurting Investors

Here is the latest report from foreclosureradar.com

Foreclosure Starts declined across our coverage area wiping out the small gains in new foreclosure filings last month. In California, Notice of Default filings are down 69.8 percent from the peak in March 2009, and 15.8 percent from April 2011. Notice of Trustee Sale Filings, the start of Arizona’s foreclosure process, are down 59.4 percent from the peak in March 2009, and down 8.0 percent year-over-year. read more